(24 January 2020)USD/JPY Bullish bias above 109.40.

Pivot
 (invalidation): 109.40
Our preference
Long positions above 109.40 with targets at 109.65 & 109.80 in extension.
Alternative scenario
Below 109.40 look for further downside with 109.25 & 109.05 as targets.
Comment
A support base at 109.40 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)